LG's home entertainment business, which covers TVs, posted an operating profit ratio of 8.5 percent in the January-June period, with OLED TVs taking up 15 percent of its sales. LG said the figures are significant as OLED TVs only account for 3 percent of its combined shipment units.

LG added this year's IFA will be an important venue for the company to promote its latest products, as Europe takes up 40 percent of its OLED TV sales.